Y Intercept Hong Kong Ltd Takes $406,000 Position in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Y Intercept Hong Kong Ltd bought a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,314 shares of the company's stock, valued at approximately $406,000.

A number of other institutional investors have also recently added to or reduced their stakes in VAC. Fifth Third Bancorp lifted its stake in Marriott Vacations Worldwide by 136.5% in the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock valued at $25,000 after acquiring an additional 228 shares during the last quarter. Investment Advisory Group LLC acquired a new stake in Marriott Vacations Worldwide in the first quarter valued at approximately $31,000. True Wealth Design LLC lifted its stake in Marriott Vacations Worldwide by 35.2% in the fourth quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after acquiring an additional 155 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Marriott Vacations Worldwide in the fourth quarter valued at approximately $89,000. Finally, Sterling Capital Management LLC lifted its stake in Marriott Vacations Worldwide by 57.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,092 shares of the company's stock valued at $188,000 after acquiring an additional 765 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 337,551 shares of the stock in a transaction on Wednesday, June 18th. The shares were purchased at an average price of $68.11 per share, with a total value of $22,990,598.61. Following the acquisition, the director directly owned 4,045,984 shares of the company's stock, valued at $275,571,970.24. This represents a 9.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

Marriott Vacations Worldwide Stock Performance

VAC stock traded down $1.62 on Friday, reaching $72.85. 203,726 shares of the company were exchanged, compared to its average volume of 563,580. Marriott Vacations Worldwide Corporation has a 12 month low of $49.22 and a 12 month high of $100.32. The stock's fifty day moving average price is $73.84 and its 200 day moving average price is $71.78. The firm has a market capitalization of $2.52 billion, a PE ratio of 12.42, a PEG ratio of 1.76 and a beta of 1.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 3.16 and a quick ratio of 2.58.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.10. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 EPS. On average, research analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide's payout ratio is 53.92%.

Analyst Ratings Changes

VAC has been the subject of a number of analyst reports. Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. Mizuho dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Barclays dropped their target price on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $92.25.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.